What smart money is saying about Copa Holding SA
1 fund in our archive has pitched Copa Holding SA — most recently Ariel Emerging Markets Value ex-China in December 2025.
Copa Holdings, S.A., through its subsidiaries, provides airline passenger and cargo services. The company offers approximately 204 daily scheduled flights to 69 destinations in 29 countries in North, Central, and South America, as well as the Caribbean from its Panama City hub. As of December 31, 2021, it operated a fleet of 91 aircraft comprising 77 Boeing 737-Next Generation aircraft and 14 Boeing 737 MAX 9 aircraft. Copa Holdings, S.A. was founded in 1947 and is based in Panama City, Panama.
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Position history
Between Q4 2025 and Q2 2026, 3 fund letters reported a position in Copa Holding SA, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 0 | 0 |
| Q1 2026 | 1 | 0 | 0 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions
- June 2026
“Other notable contributors included Panamanian airline Copa Holdings, Chinese video game developer NetEase, and select bank holdings such as Panama’s Bladex, Austria’s Erste Group, and Georgia’s TBC Bank.”
Copa Holding SA - May 2026
Listed in International Small Companies Equity’s reported holdings.
Copa Holding SA - HoldsHarding LoevnerMarch 2026
Listed in Harding Loevner’s reported holdings.
Copa Holding SA
Also mentioned · 1
These funds discuss Copa Holding SA — as a competitor, benchmark or comparable — without disclosing a position in it.
- July 2026
Named in a table in Harding Loevner Frontier Emerging Markets Equity’s letter.
Copa Holding SA
Fund coverage · 1 thesis
- Ariel Emerging Markets Value ex-ChinaDecember 2025
Copa Holding is a leading Latin American airline with a cost-efficient hub-and-spoke model, industry-leading profitability, attractive valuation, and capacity growth via new aircraft.
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